Price is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and great RRR. Moreover this pair has been boosted by negative GBP news then positive CNY news (positively effecting AUD) Entry = 1.8170 Stop = 1.8190 Risk = 20 pips Profit target = 1.8075 Reward = + 95 RRR = 4.75 -1
We're at support. Even if price is past it, let's see what happens over the next few hours. Enough rejection should be a good spot to go long with minimal risk.
GBPAUD looks like it is setting up a textbook midweek reversal showing signs of long opportunities on the higher TF. If this zone does not hold for the long can expect GBPAUD to break and retest to the next zone
We see the formation and completion of this AB=CD harmonic pattern on the daily chart. Price action has also reached a major support zone at the completion of this pattern. We are currently long with take profits set on the green zones. FX:GBPAUD
3rd touch of the descending channel wich is a reversal sign to the upside !
The tip of the current position with GBPAUD (4H) looks like it is near the end of a contracting wedge pattern. We also see some huge scallops. This may not be a great position. But in situations like these I'd take a stoploss. This could be tricky because one has to expect price to fall out of the wedge and then return inside, moving up. But it could also break...
The pair has completed a harmonic Gartley pattern on the daily chart at a key Fibonacci time zone. We are long with out take profits set at the green zone.
CLEAR BREAK BACK INTO THE CONSOLIDATION REGION ACCOMPANIED BY AN INVERSE H&S.
Daily T@M trend is down and can flash a new signal here by Monday's close, entry can be after the open, ideally confirming if it closes without retesting the 1.83421 level on close. Best of luck, Ivan Labrie.
GBPAUD has been struggling to break below the Support, With Large divergence forming on the H4 timeframe and structure being formed and respected I am bias to seeing a long impulse coming. I see either of the two scenarios: Price Breaks through zone and retest to start its bullish run it respects the zone and pulls back to give second entry into the trade to Form...
W formation emas crossed monthly rejected trendline broken With all those confluences i would say that the price is going to continue reversing to the purple area, witch seems to have accumulated orders if we look left been experimenting with wicks regions and seems to have worked out great.
This is a post news trade set-up. After negative AUD news (minutes of the Monetary Policy meeting, AUD weakened considerably. After driving up she entered a consolidation range between 1.83277 (high) and 1.8305 (low). A low risk entry can be made at 1.83008 (low + 1 + 2 pips for spread) Entry = 1.8308 Stop = 1.8288 Risk = 20 pips PT = 1.8408 Reward = 100 pips RRR = 5-1
Saw an inverse head and shoulders. there is liquidity to the upside